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County Administrator's Report
BCC Regular Meeting
Budget & Finance Consent
Budget Amendment #251 - Non-Departmental Operating Funds
Asst County Administrator
Recommendation Concerning Budget Amendment #251 - Stephan Hall, Budget Manager, Management and Budget Services
That the Board approve Budget Amendment #251, Non-Departmental, General Fund (001), in the amount of $550,000, to cover additional operating expenses as a result of annual Medicaid payments to the State of Florida. This Amendment is necessary due to the date the State must receive payment from the County. The October invoice is paid in the old Fiscal Year and the payment is later reclassified to the new Fiscal Year. The current Medicaid payment is $404,732.04; any unspent funds will become part of the Fiscal Year 2016/2017 fund balance in the General Fund.
This amendment is necessary due to the date the State must receive payment from the County, the October invoice is paid in the old fiscal year and the payment is later reclassified to the new fiscal year. The current Medicaid payment is $404,732.04, any unspent funds will become part of the Fiscal Year 2016/17 fund balance in the General Fund.
This amendment places funds in the proper account to make the October 2016 payment in the month of September 2016.
This amendment will increase operating funds in Fund 001 by $550,000.
POLICY/REQUIREMENT FOR BOARD ACTION:
The Board is being made aware of this change in operating funds.
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